In today’s hyper-disruptive environment, India’s trade policy must foster economic growth, enhance competitiveness and create jobs, while navigating a tense geopolitical landscape and rising protectionism.
A key pillar of India’s trade policy is its FTA network, aimed at securing stable, binding market access with major economies, covering nearly three-quarters of global demand.
India’s FTA approach is strategic:
Shielding key and vulnerable sectors while giving industry time to build competence, supported by targeted policies like the PLI scheme.
Securing market access for digital services and safeguarding against future protectionism, while also gaining commitments on professional and worker mobility through bilateral accords.
Avoiding strict environmental and labour standards that could raise production costs, hinder India’s growth goals or become non-tariff barriers.
By establishing a…
